Looking at the recent levels of the market it seems it wants to get down but when you take a look the previous similar situation it tells us that it goes in the oposite direction reaching new highs. Maintaining a very strong money management plan, I mean using little lot sise you can consider to go long once the market goes above the trend line (as it is consolidating) and also crosses above the RSI trendline.
According o the actual macro situation I think that GBP has more to lose in this moment. Idea that fully agree with the tecnical analysis show on the chart
According o the actual macro situation I think that GBP has more to lose in this moment. Idea that fully agree with the tecnical analysis show on the chart
Comment:
Ok, we have crossed the trendline but pay attention to false signals. You can start adding a small operation at the end of the day. If tomorrow it doesn't get back below the trendline then you can set up another part
Trade closed: target reached